In ILCoworking & Legal Services, we celebrate the Entrepreneurship Day last April 16 with an extraordinary day. We organized our first Open Talk titled 'How to be the 'chosen one' of Venture Capital in 2024′, as part of our firm commitment to the business community. Our mission is to foster collaboration between professionals, businessmen and entrepreneurs, providing a space for the exchange of knowledge and experiences that drives growth and innovation in the business world.

Our recent Open Talk, held in our coworking space, located in the center of Madrid, marks a fundamental milestone in our commitment to supporting entrepreneurs. Bringing together leading experts from the business world, we delve deeper into the analysis of the current entrepreneurial landscape, identify rising trends and share valuable advice on how to stand out from Venture Capital in the year 2024. This event not only served as a platform for the exchange of knowledge and experiences, but also strengthened our conviction that these interactions between influential business and entrepreneurial leaders are essential to driving success and sustainable growth in the universe of entrepreneurship.

Below is a summary of the key points addressed during the talk:

Essential characteristics of a leader for Venture Capital:

  • Inspiring person: The leader must be someone capable of inspiring and motivating the team, as well as having a clear vision of the project.
  • Complementary team: The team should be made up of people with complementary skills and experiences who can support each other.
  • Resilience: The path of the entrepreneur is not always linear, so the leader must be able to adapt to changes and overcome obstacles that arise.
  • Learning capacity: The leader must be willing to learn from his mistakes and from others.
  • Effective communication: The leader must be able to clearly and effectively communicate his or her vision to the team and investors.

Tips for obtaining financing:

  • Have a solid business plan: The business plan must be clear, concise and realistic. It should explain in detail the project, the target market, the team and the financial strategy.
  • Know the investors: It is important to research potential investors and understand their interests and investment criteria.
  • Prepare for the presentation: The team must be prepared to present the project convincingly to investors.
  • Be flexible: Investors may want to make changes to the business plan or company structure. It is important to be flexible and willing to negotiate.

Inspiring testimonials:

 

  • Daniel Asensio, Vice-Minister of Economy and Employment of the Madrid's community:”. Currently, we are experiencing a real boom in investment in our region. 60% of total investments are reaching us, consolidating us as the main Spanish region in terms of the number of startups and the fourth in all of Europe. Madrid is establishing itself as a magnet for innovative and entrepreneurial minds. In this sense, the Community of Madrid stands out as the leading community in the ability to attract, retain and develop talent not only in Spain, but also in comparison with powers such as Germany. Our level of training and talent attraction is standing out internationally, which underlines our commitment to excellence and sustainable growth in the business and technological field.»
  • Teresa Alarcos, President of W Startup Community : “In the business world, the ability to adapt is essential at every stage of a project, from its conception to its consolidation. It is important to understand that the path to success is not always linear. In fact, out of every 400 startups, approximately one 25% has started more than three times. This means that, on average, they have had to learn from their mistakes and pivot their approach until they find success. Fortunately, it is increasingly recognized that experiencing one or even two failures is part of the process necessary for the next project to be successful. The key is to learn from each experience and move forward with determination and resilience.
  • José Carlos Martín, Director of Startup Programs at Bankinter Innovation Foundation: «The common objective in the world of Venture Capital is to multiply the initial investment by 10 in five years. What sets us apart from other Venture Capital is our unique feature: by investing through the bank's balance sheet, we are not limited by time restrictions as traditional venture capital funds typically have. We are an “evergreen” fund, which means that we are always active and investing continuously, without being subject to temporary conditions. This flexibility allows us to better adapt to market opportunities.”
  • Miguel Moneo, Startup financing expert and CEO of Campus360: » Companies are dying due to lack of cash. Lack of liquidity is a constant threat for companies. There are two crucial aspects that cannot be overlooked: the sale of products or services and obtaining financing for our projects. When seeking funding, it is essential to have the right guidance and support. Don't just consider the first option that presents itself; Explore all available possibilities and make an informed decision. Find someone to guide you through all the available options and provide you with expert advice. Only then will you be able to choose the best option from the menu for your project, with the security of having considered all the alternatives.»
  • Pablo de la Hoz, Co-founder of zityhub: » In the business world, attracting and retaining talent is a challenge we all face, regardless of the size of our company. This uncertainty is something that all entrepreneurs deal with in our daily lives. Currently, there is an intense debate about what is the ideal model that we should implement in our organizations to attract and retain talent effectively. “It is a crucial issue that requires careful thought and strategic action to ensure the long-term success and sustainable growth of our company.”
  • Manuel lamela, CEO-Founder of ILCoworking & Legal Services and Managing Partner of Acountax Madrid Lawyers: “Without a doubt, overconfidence can be a major obstacle. In my experience, it is crucial to keep your guard up and fully understand the risks involved when embarking on a business that involves raising funds from others. In this sense, one is risking not only one's own assets, but also those of others. “I firmly believe in the importance of trusting expert professionals to ensure that these risks are properly covered and it is essential to find a balance between trust and caution to ensure long-term success in the world of entrepreneurship.”
  • Mariló Sánchez-Fuentes, Entrepreneur, Businesswoman and Business Mentor directs and presents “Businesses of flesh and blood” on intereconomic radio: “We are witnessing the birth of a generation of entrepreneurs who choose entrepreneurship as their first professional option. Finally, we are seeing a change in trend, and I think that is the most exciting thing to celebrate on this Entrepreneurship Day. Finally, entrepreneurship is gaining ground as the preferred option to start your path, your professional career.”

By way of conclusions we emphasize that:

The valuable insights shared by experts during our Open Talk in ILCoworking & Legal Services They offer us a revealing vision of the world of entrepreneurship. From the importance of adaptability and resilience, as highlighted Teresa Alarcos, to the crucial role of financial management and fundraising, as noted Miguel Moneo, each testimonial highlights the unique challenges and opportunities entrepreneurs face. Flexibility and long-term vision, as highlighted Jose Carlos Martin, are key to standing out in a competitive market. Furthermore, the need to attract and retain talent, as highlighted Pablo de la Hoz, and the importance of maintaining a balance between trust and caution, as noted Manuel Lamela, are fundamental aspects for business success. Finally, the evolution towards a culture where entrepreneurship is the preferred option, as noted Mariló Sánchez-Fuentes, and the recognition of Madrid's potential as a center of innovation and talent, as highlighted Daniel Asensio, underline the promise and continued potential of the entrepreneurial ecosystem in Spain.

In conclusion, these testimonies remind us of the importance of adaptability, financial planning, human talent and strategic vision for success and sustainable growth in the world of entrepreneurship. If you want to listen live to the protagonists of our Open Talk, stay tuned next May 2 on radio intereconomía on the program Negocios de Carne y Hueso with Mariló Sánchez-Fuentes.

Key points:

  • The event “How to be the chosen one of Venture Capital” took place at the headquarters of ILCoworking & Legal Services, a workspace that embraces the philosophy of shared work. We strive to offer more than just a place to work; We provide an environment where entrepreneurs can connect, collaborate and grow together.
  • The event was attended by experts in entrepreneurship, investment and business development.
  • Topics were addressed such as the characteristics of the ideal leader for a venture capital, advice for obtaining financing and the advantages of starting a business in the Community of Madrid.

Do you want more details or need personalized assistance? Do not hesitate to contact us. Send an email to secretaria@ilcoworking.es or if you prefer a more immediate response, call us at +34 91 117 94 82. We are here to help you resolve any questions you may have. We are waiting for your message or your call!